#United States #New York #Levi & Korsinsky #Xerox Holdings #Securities Fraud

Join the Class Action Against Xerox Holdings Corporation

The legal landscape surrounding securities fraud has taken a significant turn for investors in Xerox Holdings Corporation (NASDAQ: XRX). Levi & Korsinsky, LLP, a well-known firm in the field of corporate litigation, has issued a call to action for affected shareholders. Investors have until January 21, 2025, to join a class action lawsuit aimed at recovering losses incurred due to alleged securities fraud over a specific period.

The Class Action Lawsuit Defined

This proposed class action focuses on claims involving misleading statements and the concealment of critical information regarding the company’s business operations. The timeframe under scrutiny spans from January 25, 2024, to October 28, 2024. During this period, investors may have suffered losses attributed to several disruptive business changes indicated by the firm.

Key Allegations Against Xerox Holdings

The lawsuit outlines various allegations against Xerox Holdings, primarily focusing on:
1. Salesforce Reorganization: Following a significant workforce reduction, the company restructured its sales force, leading to confusion and inefficiencies.
2. Productivity Disruption: The reorganization disrupted productivity levels within the sales team, severely impacting their ability to sell products effectively.
3. Decline in Sales: This disruption contributed to a marked decrease in the sell-through rates of older product lines, which in turn jeopardized the launch timelines of essential new products.
4. Lower Revenue Expectations: Due to these operational disruptions, Xerox anticipated a decline in overall sales and revenue.
5. Misleading Statements: The firm made positive assertions regarding its business health that lacked a reasonable basis, leaving investors misled about the company’s true operational state.

How to Get Involved

If you believe you qualify as an affected shareholder, participating in this class action could provide you with a chance to seek compensation for any financial losses incurred. To take action, you don’t need to serve as the lead plaintiff; simply join the class to maintain your eligibility for recovery.
Details on how to officially join the class can be found at Levi & Korsinsky’s official website. Furthermore, those wishing to explore their options or needing assistance can contact attorney Joseph E. Levi directly via email at [email protected] or by phone at (212) 363-7500.

No Costs to Join

It is essential for prospective class members to know that there are no out-of-pocket costs associated with joining this class action. Levi & Korsinsky has a track record of advocating for shareholders and often operates on a contingency basis, meaning that any fees are contingent on a successful outcome for the class.

Why Levi & Korsinsky?

Having secured hundreds of millions of dollars for aggrieved shareholders over the past two decades, Levi & Korsinsky has established itself as a trustworthy advocate in complex securities litigation. With a dedicated team of over 70 professionals, the firm has consistently ranked among the top securities litigation firms in the U.S., as noted in ISS Securities Class Action Services' annual report.

Conclusion

Don’t miss the critical deadline of January 21, 2025. If you were an investor in Xerox Holdings during the specified time frame, you have a chance to seek redress for your losses through this class action lawsuit. For further information and to determine your eligibility, reach out as soon as possible. Remember, being informed and taking timely action could protect your financial interests in this evolving situation.